SABO: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
SABO
Largest movements
- Receivables within one year -€37,334
down €37,334 (-79.5%), from €46,966 to €9,632
of which Trade receivables: -€39,203
- Stocks and contracts +€19,101
up €19,101 (+62.1%), from €30,757 to €49,858
- Deferred charges and accrued income +€14,806
up €14,806 (+2939.4%), from €504 to €15,309
- Tangible fixed assets -€1,906
down €1,906 (-7.4%), from €25,905 to €23,999
of which Furniture and vehicles: -€1,103
- Profit (loss) carried forward -€9,577
down €9,577 (-34.5%), from €27,721 to €18,144
- Trade debts +€7,105
up €7,105 (+22.3%), from €31,902 to €39,007
- Tax, wage and social debts -€2,550
down €2,550 (-36.9%), from €6,913 to €4,363
of which Remuneration and social security: -€5,001
- Staff costs -€47,852
down €47,852 (-44.2%), from €108,272 to €60,421
- Gross operating margin -€43,354
down €43,354 (-39.4%), from €110,002 to €66,649
- Depreciation +€4,264
up €4,264 (+149.1%), from €2,860 to €7,125
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €116,996 | €111,974 | -€5,022 | -4.3% |
| Fixed assets | 21/28 | €29,955 | €28,049 | -€1,906 | -6.4% |
| Tangible fixed assets | 22/27 | €25,905 | €23,999 | -€1,906 | -7.4% |
| Plant, machinery and equipment | 23 | €1,462 | €658 | -€804 | -55.0% |
| Furniture and vehicles | 24 | €24,444 | €23,341 | -€1,103 | -4.5% |
| Financial fixed assets | 28 | €4,050 | €4,050 | = | 0.0% |
| Current assets | 29/58 | €87,041 | €83,925 | -€3,116 | -3.6% |
| Stocks and contracts in progress | 3 | €30,757 | €49,858 | +€19,101 | +62.1% |
| Contracts in progress | 37 | €30,757 | €49,858 | +€19,101 | +62.1% |
| Amounts receivable within one year | 40/41 | €46,966 | €9,632 | -€37,334 | -79.5% |
| Trade receivables | 40 | €42,435 | €3,232 | -€39,203 | -92.4% |
| Other amounts receivable | 41 | €4,531 | €6,399 | +€1,868 | +41.2% |
| Cash at bank and in hand | 54/58 | €8,814 | €9,126 | +€312 | +3.5% |
| Deferred charges and accrued income | 490/1 | €504 | €15,309 | +€14,806 | +2939.4% |
| Total equity and liabilities | 10/49 | €116,996 | €111,974 | -€5,022 | -4.3% |
| Equity | 10/15 | €48,181 | €38,604 | -€9,577 | -19.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,721 | €18,144 | -€9,577 | -34.5% |
| Amounts payable | 17/49 | €68,815 | €73,370 | +€4,555 | +6.6% |
| Amounts payable after more than one year | 17 | €30,000 | €30,000 | = | 0.0% |
| Financial debts | 170/4 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €38,815 | €43,370 | +€4,555 | +11.7% |
| Trade debts | 44 | €31,902 | €39,007 | +€7,105 | +22.3% |
| Suppliers | 440/4 | €31,902 | €39,007 | +€7,105 | +22.3% |
| Taxes, remuneration and social security | 45 | €6,913 | €4,363 | -€2,550 | -36.9% |
| Taxes | 450/3 | - | €2,450 | +€2,450 | |
| Remuneration and social security | 454/9 | €6,913 | €1,913 | -€5,001 | -72.3% |
| Non-recurring operating income | 76A | €24,325 | - | -€24,325 | |
| Remuneration, social security and pensions | 62 | €108,272 | €60,421 | -€47,852 | -44.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,860 | €7,125 | +€4,264 | +149.1% |
| Other operating charges | 640/8 | €5,766 | €5,149 | -€617 | -10.7% |
| Gross operating margin | 9900 | €110,002 | €66,649 | -€43,354 | -39.4% |
| Operating profit (loss) | 9901 | -€6,896 | -€6,045 | +€851 | +12.3% |
| Financial income | 75/76B | €4 | €1 | -€3 | -75.9% |
| Recurring financial income | 75 | €4 | €1 | -€3 | -75.9% |
| Financial charges | 65/66B | €1,877 | €2,787 | +€910 | +48.5% |
| Recurring financial charges | 65 | €1,877 | €2,787 | +€910 | +48.5% |
| Profit (loss) for the period before taxes | 9903 | -€8,769 | -€8,832 | -€63 | -0.7% |
| Income taxes | 67/77 | - | €745 | +€745 | |
| Profit (loss) for the period | 9904 | -€8,769 | -€9,577 | -€808 | -9.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,769 | -€9,577 | -€808 | -9.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.